Palestine Telecommunications achieves pretax income of JD29.08 million; up by 3.8% in Q1 2013

2013-05-07

According to
Palestine Telecommunications Company (
PALTEL)’s data for the first three months of the year, net profit before tax reached 29,081,000
JOD, compared with a net profit before tax of 28,028,000
JOD from the first three months of
2012, a net
increase of
3.8%. Total assets of the company reached 629,618,000
JOD as of March 31st,2013, compared to total assets of 616,521,000
JOD as of December 31st,2012, a net
increase of
2.1%. Total liabilities of the company reached 148,200,000
JOD as of March 31st,2013, compared to total liabilities of 157,948,000
JOD as of December 31st,
2012, a net
decrease of
6.2%. Net ownership equity of the company reached 481,418,000
JOD as of March 31st,
2013, compared with a net ownership equity of 458,573,000
JOD as of December 31st,
2012, a net
increase of
5.0% in the first three months. All figures in the financial statements appeared in thousands of JOD.